REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COMPANY. AND SELLERS 29 Section 4.1 Organization and Authority 29 Section 4.2 Capitalization 30 Section 4.3 Equity Commitments 30 Section 4.4 Ownership of Equity 31 Section 4.5 Non-Contravention; Consents 31 Section 4.6 Subsidiaries 32 Section 4.7 Financial Statements 32 Section 4.8 Undisclosed Liabilities 33 Section 4.9 Absence of Certain Changes, Events and Conditions 33 Section 4.10 Material Contracts 35 Section 4.11 Title to, Condition and Sufficiency of Assets 37 Section 4.12 Real Property 38 Section 4.13 Intellectual Property 39 Section 4.14 Recall and Defective Products 43 Section 4.15 Inventory 44 Section 4.16 Accounts 44 Section 4.17 Customers and Suppliers 44 Section 4.18 Insurance 45 Section 4.19 Legal Proceedings; Governmental Orders 45 Section 4.20 Compliance with Laws; Permits 46 Section 4.21 Environmental Matters 46 Section 4.22 Employee Benefit Matters 47 Section 4.23 Employees, Consultants and Contractors 49 Section 4.24 Taxes 50 Section 4.25 Books and Records 54 Section 4.26 Brokers or Finders 54 Section 4.27 Affiliate Transactions 54 Section 4.28 Patriot Act / Economic Sanctions 54 Section 4.29 No Illegal Payments 55 Section 4.30 Anti-Money Laundering 56 Section 4.31 Banks; Powers of Attorney 56 Section 4.32 Full Disclosure 56 Section 4.33 COVID-19 56 Section 4.34 Securities Matters 56 ARTICLE V REPRESENTATIONS AND WARRANTIES OF PURCHASER 58 Section 5.1 Organization and Authority of Purchaser 59 Section 5.2 Non-Contravention; Consents 59 Section 5.3 Capitalization 60 Section 5.4 Undisclosed Liabilities 60 Section 5.5 Brokers or Finders 60 Section 5.6 Securities Laws Filings 60 Section 5.7 No Cease Trade 61 Section 5.8 Litigation 61 ARTICLE VI COVENANTS 61 Section 6.1 Conduct of the Business Prior to Closing 61 Section 6.2 Access to Books and Records 65 Section 6.3 Notice Regarding Changes 65 Section 6.4 Confidentiality 66 Section 6.5 Further Assurances 67 Section 6.6 Personal Guarantees 67 Section 6.7 No Solicitation of Other Bids 67 Section 6.8 Reasonable Best Efforts 68 Section 6.9 Monthly Financial Reporting and Financial Statements 70 Section 6.10 Closing Conditions 71 Section 6.11 Public Filings and Announcements 71 Section 6.12 Closing Share Consideration Assignments/Transfer and Lock-up 71 Section 6.13 Related Party Debt 72 Section 6.14 Removal of Restrictive Legends and Rule 144 Compliance 72 ARTICLE VII TAX MATTERS 73 Section 7.1 Tax Covenants 73 Section 7.2 Termination of Existing Tax Sharing Agreements 74 Section 7.3 Tax Indemnification 74 Section 7.4 Tax Returns 74 Section 7.5 Straddle Period 76 Section 7.6 Contests 77 Section 7.7 Cooperation and Exchange of Information 78 Section 7.8 Tax Treatment of Indemnification Payments 78 Section 7.9 Payments to Purchaser 78 Section 7.10 Survival 78 Section 7.11 Overlap 78 ARTICLE VIII CONDITIONS TO CLOSING 78
Appears in 3 contracts
Samples: Membership Interest Purchase Agreement (Planet 13 Holdings Inc.), Membership Interest Purchase Agreement (Planet 13 Holdings Inc.), Membership Interest Purchase Agreement (Planet 13 Holdings Inc.)
REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COMPANY. AND SELLERS 29 THE COMPANY SUBSIDIARIES 23 Section 4.1 3.1 Organization and Authority 29 24 Section 4.2 Capitalization 30 3.2 Authorization; Consents; No Violations 24 Section 4.3 Equity Commitments 30 3.3 Capitalization; Subsidiaries 25 Section 4.4 Ownership of Equity 31 Section 4.5 Non-Contravention; Consents 31 Section 4.6 Subsidiaries 32 Section 4.7 3.4 Financial Statements 32 26 Section 4.8 3.5 No Undisclosed Liabilities 33 26 Section 4.9 3.6 Absence of Certain Changes, Events Changes 27 Section 3.7 Real Estate 27 Section 3.8 Data Privacy and Conditions 33 Security 30 Section 4.10 3.9 Litigation 31 Section 3.10 Material Contracts 31 Section 3.11 Taxes 32 Section 3.12 Environmental Matters 34 Section 3.13 Compliance with Laws; Permits 34 Section 3.14 Employee Plans 35 Section 4.11 3.15 Labor Matters 36 Section 3.16 Brokers 36 Section 3.17 Related Person Transactions 37 Section 3.18 Anti-Corruption Compliance 37 Section 3.19 Existing Loans 37 Section 3.20 Title to, Condition to and Sufficiency of Assets 37 Section 4.12 Real Property 3.21 Healthcare Regulatory Matters 38 Section 4.13 Intellectual Property 39 3.22 COVID-19 40 Section 4.14 Recall and Defective Products 43 3.23 Cash, Debt & Leakage 40 Section 4.15 Inventory 44 Section 4.16 Accounts 44 Section 4.17 Customers and Suppliers 44 Section 4.18 Insurance 45 Section 4.19 Legal Proceedings; Governmental Orders 45 Section 4.20 Compliance with Laws; Permits 46 Section 4.21 Environmental Matters 46 Section 4.22 Employee Benefit Matters 47 Section 4.23 Employees, Consultants and Contractors 49 Section 4.24 Taxes 50 Section 4.25 Books and Records 54 Section 4.26 Brokers 3.24 No Other Representations or Finders 54 Section 4.27 Affiliate Transactions 54 Section 4.28 Patriot Act / Economic Sanctions 54 Section 4.29 No Illegal Payments 55 Section 4.30 Anti-Money Laundering 56 Section 4.31 Banks; Powers of Attorney 56 Section 4.32 Full Disclosure 56 Section 4.33 COVID-19 56 Section 4.34 Securities Matters 56 ARTICLE V Warranties 40 Article IV REPRESENTATIONS AND WARRANTIES OF PURCHASER 58 WITH RESPECT TO SELLER 40 Section 5.1 4.1 Organization and Authority of Purchaser 59 41 Section 5.2 Non-Contravention4.2 Authorization 41 Section 4.3 Title to Units 41 Section 4.4 Consents; Consents 59 No Violations 42 Section 5.3 Capitalization 60 4.5 Requisite Government Approvals 42 Section 5.4 Undisclosed Liabilities 60 4.6 Litigation 42 Section 5.5 4.7 Brokers 43 Section 4.8 Intellectual Property; IT Assets 43 Section 4.9 Insurance Policies 43 Section 4.10 RXR Purchase Agreement 44 Section 4.11 No Other Representations or Finders 60 Section 5.6 Securities Laws Filings 60 Section 5.7 No Cease Trade 61 Section 5.8 Litigation 61 ARTICLE VI COVENANTS 61 Section 6.1 Conduct of the Business Prior to Closing 61 Section 6.2 Access to Books and Records 65 Section 6.3 Notice Regarding Changes 65 Section 6.4 Confidentiality 66 Section 6.5 Further Assurances 67 Section 6.6 Personal Guarantees 67 Section 6.7 No Solicitation of Other Bids 67 Section 6.8 Reasonable Best Efforts 68 Section 6.9 Monthly Financial Reporting and Financial Statements 70 Section 6.10 Closing Conditions 71 Section 6.11 Public Filings and Announcements 71 Section 6.12 Closing Share Consideration Assignments/Transfer and Lock-up 71 Section 6.13 Related Party Debt 72 Section 6.14 Removal of Restrictive Legends and Rule 144 Compliance 72 ARTICLE VII TAX MATTERS 73 Section 7.1 Tax Covenants 73 Section 7.2 Termination of Existing Tax Sharing Agreements 74 Section 7.3 Tax Indemnification 74 Section 7.4 Tax Returns 74 Section 7.5 Straddle Period 76 Section 7.6 Contests 77 Section 7.7 Cooperation and Exchange of Information 78 Section 7.8 Tax Treatment of Indemnification Payments 78 Section 7.9 Payments to Purchaser 78 Section 7.10 Survival 78 Section 7.11 Overlap 78 ARTICLE VIII CONDITIONS TO CLOSING 78Warranties 44
Appears in 1 contract
Samples: Purchase and Sale Agreement (DigitalBridge Group, Inc.)